DOUGLAS DYNAMICS INC (PLOW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PLOW - US25960R1059 - Common Stock
Overall PLOW gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PLOW has proven to be a steady performer, scoring decent points in every aspect analyzed.
PLOW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 33.91. Right above this resistance zone may be a good entry point.
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21.68
6 important support areas can be observed.
- A support zone ranging from 33.15 to 33.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.45 to 31.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.67 from a trend line in the daily time frame.
- A support zone ranging from 29.61 to 29.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.96 to 23.14. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @21.90 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.91 to 34.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PLOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLOW is up. |
| ChartMill Relative Strength | 86.2 | POSITIVE | PLOW has a high relative strength, it outperformed 86.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLOW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.91 | NEUTRAL | The RSI value for PLOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PLOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.8 | NEUTRAL | The Stochastics value for PLOW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for PLOW suggests some volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for PLOW suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.07 | 33.14 | 0.93 (2.73%) | 25.00% |
| An entry @34.07. This is a Buy Stop order right above the resistance zone. | An exit @33.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.93 points, which is 2.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of PLOW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.81
+0.58 (+1.75%)
DOUGLAS DYNAMICS INC / PLOW FAQ
Can you provide the ChartMill technical rating for DOUGLAS DYNAMICS INC?
ChartMill assigns a technical rating of 10 / 10 to PLOW.
What is the trend direction for PLOW stock?
The current trend direction for DOUGLAS DYNAMICS INC (PLOW) is Bullish.
What is the RSI signal for DOUGLAS DYNAMICS INC (PLOW) stock?
DOUGLAS DYNAMICS INC (PLOW) has an RSI value of 63.91. This indicates that the stock is currently neutral.
What is the MACD signal for PLOW stock?
The MACD indicator for DOUGLAS DYNAMICS INC (PLOW) has a value of 0.12237, indicating a bearish trend.
What is the short term momentum for DOUGLAS DYNAMICS INC (PLOW) stock?
The short term momentum for DOUGLAS DYNAMICS INC (PLOW) is positive.